30 Condos Hit the Auction Block in Suburban N.J.
A total of 30 condominium residences located in East Orange, N.J. will be offered at a developer close out auction on April 18th by Sheldon Good & Co.
Illinois Launches Affordable Housing Preservation Initiative
The Illinois Housing Development Authority (IHDA) has launched a statewide initiative to preserve affordable rental homes in Illinois.
Walker & Dunlop Achieves Freddie Mac Status in New York Metro Area
Freddie Mac has approved Walker & Dunlop as a Program Plus Seller/Servicer in the New York metropolitan region.
Condo Sales Rise Since Last January: NAR
Sales of existing condominiums and co-ops slid 8.1 percent to an annualized rate of 620,000 in January, according to the National Association of Realtors, down from 675,000 in December.
New Harlem Co-Op Opens Doors to Residents
Resident move ins have begun at Ellington on the Park, a new cooperative building in Harlem. The Ellington features 133 homes, and also includes 3,420 square feet of ground floor retail space, a gym, a courtyard, and a 31-car underground parking garage.
California Awards $3M For Multifamily Energy Retrofits
The state of California has awarded $3 million from the State Energy Program to a partnership of the San Francisco Mayor’s Office of Housing, Enterprise Community Partners Inc. and the Low Income Investment Fund.
Bascom Cuts Costs, Increases Tenant Outreach to Face Weakened Economy
The Bascom Group LLC, a private apartment owner with a portfolio of 100 properties totaling more than 29,400 units nationwide, has reported an increase of 11.8 percent in its portfolio net operating income for the fourth of quarter of 2009, compared with the same period a year earlier.
Seniors Housing Community to Open In Bryan, Texas in 2011
Isle at Watercrest, an assisted living and skilled nursing community will open in 2011 in Bryan, Texas, a city where about 10 percent of the population is 62 years and older
SureDeposit Hires Regional Account Manager, Analyst
Paul Garcia has joined SureDeposit as a regional account manager and Frank DiMarzio has joined SureDeposit as an analyst.
Alexander Biagoli Appointed Director in Arbor’s NYC Office
Arbor Commercial Funding LLC has appointed Alexander Biagoli to director in Arbor’s New York City office. Biagoli is responsible for originating loans nationwide using Arbor’s complete product portfolio, with a specialty in Fannie Mae DUS and FHA transactions. He reports to Ken Fazio, vice president, National Sales Manager.